Magna International Q2 Adj EPS $1.50 Beats $1.25 Estimate, Sales $10.98B Beat $10.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Magna International's Q2 earnings per share of $1.50 beat the analyst consensus estimate of $1.25 by 20%. This is an 80.72% increase from the same period last year. The company's quarterly sales of $10.98 billion also beat the analyst consensus estimate of $10.20 billion by 7.69%, marking a 17.30% increase from the same period last year.
August 04, 2023 | 2:55 pm
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POSITIVE IMPACT
Magna International's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance.
Magna International's Q2 earnings and sales beat analyst estimates, which is typically a positive signal for the company's stock. The significant increases from the same period last year further indicate strong financial performance, which could lead to a rise in the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100